a. The Beta Corporation had 2007 revenues of $200,000,expenses of $140,000, and an income tax rate of 30 percent. Net income after taxes would be
b. Atlantic Corporation reported the following amounts at theend of the first year of operations, December 31, 2006: contributed capital $100,000; sales revenue $400,000; total assets $300,000; $20,000 dividends; and total liabilities $160,000. Retained earnings and total expenses would be
c. On January 1, 2006 Mammoth Corporation had retainedearnings of $4,000,000. During 2006, they had net income of$750,000 and dividends of $100,000. What is the amount ofMammoth's retained earnings at the end of 2006?
d. At the beginning of 2007, Buck Corporation had assets of$540,000 and liabilities of $320,000. During the year, assets increased by $50,000 and liabilities decreased by$10,000. What was the total amount of stockholders' equity atthe end of 2007